BP PLC has signed an agreement with Shell PLC to sell part of its ownership in the Tupinambá exploration block in Brazil’s offshore Santos Basin and five leases containing the Conifer exploration prospect on the United States side of the Gulf of America.
The U.S. government has reached an agreement tied to the development of 17 oil fields in Venezuela containing approximately 65 Bbbl of proven reserves, according to a White House fact sheet released Aug. 31. Under the agreement, Venezuelan interim authorities granted North American Blue Energy Partners (NABEP) 100-year concessions covering the 17 fields. The privately held company plans to invest up […]
Peter M. Duncan, founder, president and CEO of MicroSeismic, talks to The Energy Year about how microseismic monitoring changed hydraulic fracturing design and its future role in US and international shale plays. MicroSeismic is a provider of completion, carbon storage and pipeline passive seismic monitoring services and software. MicroSeismic helped transform unconventional oil and gas […]
The US is close to reaching a deal with Venezuela to establish a stake in 17 oil fields, potentially worth 90 billion barrels of the country’s vast reserves, reported Axios on Thursday.
The U.S. is in talks with Venezuela to take a large stake in its oil fields, a dramatic move by the Trump administration to extend its influence on the post-Maduro government and the nation’s vast energy reserves. Negotiators from both countries are discussing the plan, according to people familiar with the matter who asked not […]
Shell has received a number of bids for parts of its US chemicals business, including from ExxonMobil, LyondellBasell, private equity firm Apollo Global Management and the chemicals arm of Kuwait Petroleum Corporation, according to the Financial Times.
Jacky Massaglia, senior vice president for North America at Vallourec, talks to The Energy Year about domestic tubular manufacturing, the expansion of premium threading capacity in Ohio and Vallourec’s role in supplying next-generation geothermal projects.
Washington, DC – US media reports have revealed a covert US military operation aimed at securing the passage of oil tankers through the Strait of Hormuz. This comes amid ongoing military tensions with Iran and a decline in maritime traffic in one of the world’s most important energy shipping lanes. According to Axios, US forces are managing […]
SLB, the world’s biggest oil field services provider, said it will take time for full production capacity to return to the Middle East and will require a durable resolution to the US-Iran conflict.
Marubeni has sold its 12.5% interest in the Big Foot oil and gasfield in the US Gulf to Modiin Energy and Eventide Partners, the companies said on Thursday.